Create a Budget

Tip

Budgets can be used to manage the finances in a technical project. The timeline of the budget can be selected, and invoices can be assigned against it - this means that the amount of the budget used so far and the remaining balance can be tracked for planning purposes. Entities can also be assigned to budgets.

1. 👆 Navigate to Documents 👉 Invoicing 👉 Add New Budget.

2. ✍️ Enter a name for the budget.

3. ✍️ Enter a "Start Date" and "End Date".

This will be the time frame that the budget is spread over.

4. 👆 Select a currency and ✍️ enter a cost.

5. 👆 Link any Product(s)/Constituent(s)/Category Groups(s) to the budget if required.

6. 👆 Click "SAVE".

7. 🥳 The budget is saved.

Assign Invoices against the Budget

8. 👆 Navigate to the Invoices tab.

9. 👆 Click "Add Invoice".

10. 📤 Upload a file and ✍️ fill in the required fields in the form.

11. 👆 Click "SAVE AND RETURN".

12. 🥳 The invoice has been created and is assigned to this budget.

Tip

Enter a date into the "Date Paid" field to mark the invoice as paid.

Assign an Entity to the Budget

13. 👆 Navigate to the Costs tab after saving.

14. 👆 Click "EDIT".

15. 👆 Click "Add Entity".

16. 👆 Choose an entity from the drop-down list.

17. 👆 Click "SAVE".

18. 🥳 The entity is assigned to this budget.